Depends on viability of company and how prepared to whether the economy, their competition etc.
Always can sell a percentage and invest in something else if don't want to take too big of a loss. Guys on here know more than me. Maybe they'll chime in.
Im on west coast and checked oil futures,( way down) asian, Euro markets before I went to bed ( they were up a bit up) and got up at 430 to check the market in extended trading hours and all my oil stocks were way down. I was pretty worried. Tough not to panic and did sell a few of my smaller oil related stocks at small gains ( should have waited) before market opened on limit orders. I'll admit Im a over exposed on oil now and just trying to slowly sell and diversify in next week. Tough to do if continue to see big gains in oil but too risky if a big tank like last week.
that’s the tough part, if you buy equal parts oil, equal parts gold, you probably break even. I try to have 40-50 different stocks. I try to have oil( lite on these now), gas, tires(GT, TWI, CTB) will drop with car/machinery sales, gold (spdr mini, KL, Teck), tech, autos( have Porsche F GM), a couple REIT (risky now), FSUGY metals has made me a lot in the last 2 year, my beat in that time, consumer goods, Walmart, Amazon etc. Several others but can’t remember them all.
I try to find a few good discounts and not micromanage them, play with a few bucks here and there, maybe gamble on a penny stock but not much. Last week I was up 7% on my whole portfolio and that is stellar, I’m not trying for 1000%, I usually end up negative playing with those!
I’m in for the long game with 95%, play with a bit that won’t hurt to lose 50%. If you can average 1% per week, you would outpace the market by double most years, and that’s not happening often I don’t think, very few full time traders do that consistently.
I’m not much of a gambler, if I toss into a penny and it jumps 20-25%, I bail lol.